THIN - Intent of private placement
(Thomson Reuters ONE) -
Thin Film Electronics ASA ("Thinfilm") hereby announces its intent to undertake
a private placement of shares in order to raise additional working capital in
the Company. As foreshadowed by the Q2 2010 report, the Company needs to raise
capital by the fourth quarter of 2010.
The intent is to undertake and complete the private placement within this
timeframe, pursuant to the existing board authorization to issue shares as
granted by the general meeting in the Company.
At the present time, it is expected that the contemplated private placement will
not exceed ten (10) percent of the Company's share capital and that the offer
will be directed to less than 100 persons or entities. Warrants may be attached
to the shares that are subscribed for and allocated in the private placement.
The intent is that the private placement can be directed towards both existing
shareholders and new investors. Thinfilm hereby invites persons and/or entities,
who may be interested to participate in the private placement, to submit a
Notification of Interest to the Company. Such Notification of Interest should be
sent by letter, telefax or e-mail to the following address:
Thin Film Electronics ASA
Henrik Ibsensgate 100
P.O. Box 2911 Solli
NO-0230 Oslo, Norway
Attn.: Davor P. Sutija and Geir H. Aase
Fax: +47 23 27 27 01
E-mail: davor.sutija (at) thinfilm.no with a copy to geir.aase (at) thinfilm.no
Thinfilm hereby requests that such Notification of Interest be submitted to the
Company by no later than Thursday 30 September 2010 at 17.30 hrs (Oslo time).
The Notification of Interest should, at the very least, include name, address,
telephone, telefax and e-mail address of the interested party.
Upon receipt of Notifications of Interest and upon further consideration and
resolution by the Board of Directors, the Board will issue a subscription offer,
which will include the detailed terms and conditions of the placement, hereunder
the number of shares that may be subscribed for and the subscription price per
share. The final resolution by the Board of Directors to proceed with a private
placement will be announced in the Oslo Axess disclosure system. Prospectus
requirements, if any, will be considered once the final terms and conditions of
the contemplated offer have been established by the Board.
Note that this announcement does not constitute an offer of securities for sale
or issuance.
27 September 2010
Thin Film Electronics ASA
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1447182]
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thin Film Electronics ASA via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 28.09.2010 - 08:21 Uhr
Sprache: Deutsch
News-ID 43111
Anzahl Zeichen: 0
contact information:
Town:
Oslo
Kategorie:
Business News
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